Mirae Asset Global Investments Co. Ltd. Decreases Holdings in Invesco QQQ (NASDAQ:QQQ)

Mirae Asset Global Investments Co. Ltd. decreased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 817,011 shares of the exchange traded fund's stock after selling 24,461 shares during the period. Invesco QQQ accounts for 1.7% of Mirae Asset Global Investments Co. Ltd.'s portfolio, making the stock its 10th largest position. Mirae Asset Global Investments Co. Ltd. owned approximately 0.13% of Invesco QQQ worth $394,511,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Trust Co. of Virginia VA acquired a new position in shares of Invesco QQQ in the 1st quarter worth $306,000. Grimes & Company Inc. grew its holdings in shares of Invesco QQQ by 4.1% in the 1st quarter. Grimes & Company Inc. now owns 5,206 shares of the exchange traded fund's stock worth $2,311,000 after acquiring an additional 203 shares during the last quarter. Home Federal Bank of Tennessee grew its holdings in shares of Invesco QQQ by 10.8% during the first quarter. Home Federal Bank of Tennessee now owns 4,563 shares of the exchange traded fund's stock valued at $2,026,000 after buying an additional 443 shares in the last quarter. CRA Financial Services LLC grew its holdings in shares of Invesco QQQ by 4.4% during the first quarter. CRA Financial Services LLC now owns 36,604 shares of the exchange traded fund's stock valued at $16,252,000 after buying an additional 1,551 shares in the last quarter. Finally, Winthrop Advisory Group LLC boosted its position in Invesco QQQ by 5.1% during the first quarter. Winthrop Advisory Group LLC now owns 106,758 shares of the exchange traded fund's stock valued at $47,463,000 after purchasing an additional 5,217 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

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Invesco QQQ Trading Up 0.6 %

Shares of Invesco QQQ stock traded up $3.00 during trading on Friday, reaching $495.32. The company's stock had a trading volume of 38,762,143 shares, compared to its average volume of 38,829,707. The business's fifty day moving average price is $480.51 and its 200-day moving average price is $466.68. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.55%. The ex-dividend date is Monday, September 23rd.

Invesco QQQ Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.